ICRA

ICRA downgrades Tata Motors' long-term rating to AA- negative

The rating agency has however retained ICRA A1+ rating for Commerical paper programme, Short term debt programme and short-term non-fund-based facilities of Tata Motors                                                                                                                                                                                              .

Aug 06, 2019, 11:37 AM IST

How IL&FS colluded with rating agencies

The Serious Fraud Investigation Office (SFIO) report points out gaping holes in the style of functioning of rating agencies which were complicit with the rogue management.

Jul 03, 2019, 10:46 AM IST

Domestic air traffic sees negative growth on Jet Airways grounding: Icra

The domestic passenger traffic remained on an upswing between July 2013 and March 2019, after witnessing year-on-year de-growth in June 2013, the ratings agency said in a note on Thursday.

May 24, 2019, 12:56 PM IST

ICRA upgrades outlook on PNB, BoI, 2 other lenders

Following infusion of capital in these banks, their financial health improved leading RBI to remove them from Prompt Corrective Action (PCA).

Mar 15, 2019, 12:40 PM IST

ICRA cuts growth forecast for domestic PV sales to 7-8%

ICRA, which had earlier projected a growth of 8-9 percent, however, maintained stable outlook on domestic passenger vehicles (PVs) industry for the year.

Dec 04, 2018, 12:58 PM IST

CAD may widen to 3% in September quarter on higher crude prices, gold imports: ICRA

The CAD is the difference between the inflow and outflow of foreign currency.

Dec 04, 2018, 12:57 PM IST

Domestic carriers may need Rs 350 bn capital in 3-4 years: Report

These funds would help bring down the high debt-levels in the airline industry, Icra said in a note.

Nov 30, 2018, 12:42 PM IST

After its parent Moody's, now Icra downgrades Yes Bank

The agency had placed the bank on rating watch earlier this month and had said the resignations--there were three so far--would impede the bank's ability to raise capital.

Nov 29, 2018, 14:41 PM IST

Over 70% Uday bonds to mature during 2019-27: Icra

On November 5, 2015, the government of India had approved the UDAY scheme with an objective of financial turnaround of the state power distribution corporations (Discoms).

Nov 20, 2018, 10:37 AM IST

Current account deficit may treble to $10-12bn in Q4 on higher trade deficit: Report

The CAD had increased to $13.5 billion, or 2 percent of the gross domestic product in the third quarter as well.

Mar 22, 2018, 21:09 PM IST

Moody's has stable outlook on India Inc, barring telcos

The agency also has stable outlooks for car-makers, and companies in the construction, cement, and textiles sectors, but a negative outlook on the real estate sector.

Dec 14, 2017, 18:07 PM IST

Icra sees growth inching up to 6.3% in Q2

Headline GVA growth, however, is likely to trail the 6.8 percent recorded in the second quarter of FY17.

Nov 21, 2017, 20:07 PM IST

`Realty sector to continue to face headwinds in near-term'

He further said the industry faces demand headwinds on account of subdued macro-economic environment and consumer sentiment.

Oct 23, 2017, 20:38 PM IST

Funding required for airport infrastructure to counter growing air traffic: ICRA

However, greater involvement of private sector in airports would be possible mainly for airports with long track record of operations; greater certainty of traffic; and where the issue of managing the existing employee base can be addressed.

Oct 07, 2017, 12:39 PM IST

Private banks share in advances to hit 38-40% by FY'20: ICRA

ICRA group head (financial sector ratings) Karthik Srinivasan said private sector banks face challenges of increasing competitive intensity because of weak credit demand while the buoyant debt capital markets pose challenge of balancing growth and profitability.

Sep 21, 2017, 17:19 PM IST

Current account deficit seen at 1.2-1.3% of GDP in FY18: ICRA

The increase in CAD in the first quarter was on account of higher trade deficit, which stood at USD 41.2 billion.

Sep 17, 2017, 13:10 PM IST

New norms for solar projects bidding good for sector: ICRA

The guidelines address some of the key concerns pertaining to off-taker credit profile, grid curtailment and termination payments, says an ICRA note.

Sep 11, 2017, 13:58 PM IST

Higher tax mop-up has 12 states in Rs 4000 crore fiscal surplus in Q1

These states have, in fact, budgeted a fiscal deficit of whopping Rs 1,14,160 crore for the current fiscal year, says a report by the domestic rating agency Icra.

Sep 05, 2017, 18:57 PM IST

FY18 challenging for Indian banks, NPAs to rise: Icra

Terming FY18 as a "challenging" year for Indian banking, domestic rating agency Icra on Thursday said newer segments like MSMEs and farmers are also reporting stress, and NPAs for listed banks will shoot up to 10.2 percent by FY18-end.

Aug 31, 2017, 18:20 PM IST

India to grow 6.5-7.5% over 12-18 months: Moody's

According to the estimates of the US-based agency, the economy will grow 7.5 percent in 2016-17 and 7.7 percent in 2017-18.

Jul 31, 2017, 12:18 PM IST